KARACHI – The Pakistani Rupee exhibited significant strength in mid-day trading on Thursday, gaining 42 paisas against the US Dollar.
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Lucky Cement posts decline in profit after tax by 16pc in first half
KARACHI: Lucky Cement Limited has posted decline in profit after tax by 16 percent to Rs5.5 billion for first half of the year ended December 31, 2018 as compared with the profit of Rs6.54 billion in the same period of the last year.
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Bill focuses very low on revenue collection: former FBR Member
KARACHI: The Finance Supplementary (Second Amendment) Bill, 2019, presented by the PTI government, is perceived to have a nominal impact on revenue collection, with a predominant focus on stimulating industrial growth.
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Rupee makes sharp gain of 22 paisas against dollar
KARACHI: The Pakistani Rupee (PKR) has experienced a sharp strengthening of 22 paisas against the US Dollar in early trade on Thursday.
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Car loans shrink by 55.3pc on non-filers restriction: State Bank
KARACHI: Car loans in Pakistan witnessed a significant decline of 55.3 percent during the first quarter of the current fiscal year, primarily attributed to government restrictions on non-filers purchasing cars.
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Prime Minister directs FBR to focus on big tax evaders
ISLAMABAD: Prime Minister Imran Khan has directed the Federal Board of Revenue (FBR) to intensify efforts in recovering taxes from major evaders.
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British Airways will increase Pakistan’s connectivity: SAPM
ISLAMABAD: Zulfikar Bukhari, the Special Assistant to the Prime Minister on Overseas Pakistanis & Human Resource, has highlighted the potential for increased connectivity and tourism opportunities between Pakistan and the rest of the world with the support of British Airways.
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State Bank sells T-Bills worth Rs103.9 billion
KARACHI: The State Bank of Pakistan (SBP) successfully raised Rs103.9 billion through the sale of Market Treasury Bills (MTBs) in an auction held on Wednesday.
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Port Qasim launches night navigation system
KARACHI: Pakistan has inaugurated the night navigation system for large vessels at Port Qasim, marking a significant milestone in the country’s maritime history.
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Equity market witnesses selling ahead of policy rate announcement
KARACHI: The equity market experienced a day of selling pressure on Wednesday, with the benchmark KSE-100 index closing at 40,607 points, marking a decline of 17 points from the previous day’s close of 40,624 points.
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